HBL opens its first branch in Xinjiang China

Farhan Abro March 23, 2017

Less than a minute

ISLAMABAD: A branch of Pakistani Habib Bank Limited (HBL) opened in northwest China’s Xinjiang Uygur region, local authorities said.
It is the bank’s first branch in China, mainly providing financial support to the China-Pakistan Economic Corridor projects, according to the Xinjiang regional banking regulatory bureau, VOA reported.
Located in the Urumqi High-tech Industrial Development Zone, the bank mainly accepts public deposits, makes loans, deals government bonds, provides credit guarantees, and handles foreign currency exchange, the bureau said.
Habib Bank, the largest bank in Pakistan, had total assets of about $21 billion at the end of 2015.

Farhan Abro

Hello! My name is Farhan Abro, and I'm based here in Islamabad. My journey in Pakistan's digital media really kicked off when I founded INCPak back in 2012. We built it from the ground up, driven by an entrepreneurial spirit, to be a trusted voice for independent journalism. But while media is a big part of who I am, I'm also shaped by a fascinating mix of other passions. I'm deeply into automotive, which gives me a technical edge, but I also find my artistic expression through landscape photography and music. And I'm always diving into the exciting world of Artificial Intelligence. Bringing all these different worlds together the technical, the creative, the journalistic, and the entrepreneurial—it really colors how I see things and approach every project. It gives me a distinct perspective that I try to bring to everything I share